Post Utme Rsu 2020 Commerce Question 30

Practice objective / multiple choice question 30 from the 2020 Post Utme Rsu Commerce examination.

Post Utme Rsu 2020 Commerce Objective / Multiple Choice

Question 30 POST_UTME_RSU • 2020 • COMMERCE • objective

A firm's production function is given by Q = 2L^(1/2)K^(1/2). If the firm's labor and capital are increased by 20% and 15% respectively, what is the new production function?

Correct Answer A. Q = 2.4L^(1/2)K^(1/2)

B. Q = 2.2L^(1/2)K^(1/2)

C. Q = 2L^(1/2)K^(1/2)

D. Q = 2.2L^(1/2)K^(1/2)

Correct Answer

Correct Option:

Q = 2.4L^(1/2)K^(1/2)

This is Post Utme Rsu 2020 Commerce Question 30. It is one of the objective questions from the 2020 Post Utme Rsu Commerce examination.

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